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response was under bill clinton there was great economic prosperity. the whole land of obama is about bill clinton and how nifty the economy was under him. i would have given a limb to see mitt romney turned to him and say mr. president, i knew bill clinton. [laughter] >> our ideas work, their ideas don't. the last four years our economy has grown 1.5% a year. that is less than half the historical average. for 70 years we average 3.3% growth a year. this president is fond of saying -- the worst economy in the history of the universe and everything by the way is george w. bush's fault. he doesn't have much historical memory when he makes that argument. any of you remember in 1978-1979? double digit unemployment, 22% interest rates, gas lines, stagflation, in 1980 and very different president got elected. ronald reagan liked barack obama and inherited a struggling economy. and reagan implemented policies 180 degrees opposite, instead of jacking up taxes. he cut taxes. instead of exploding spending and the debt he restrained the growth of spending instead of unleashing the hounds of regulator
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